RIFCO (RRFFF) Cash-to-Debt : 0.06 (As of Sep. 2021)

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What is RIFCO Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. RIFCO's cash to debt ratio for the quarter that ended in Sep. 2021 was 0.06.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, RIFCO couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2021.

The historical rank and industry rank for RIFCO's Cash-to-Debt or its related term are showing as below:

RRFFF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.15
Current: 0.06

During the past 12 years, RIFCO's highest Cash to Debt Ratio was 0.15. The lowest was 0.00. And the median was 0.02.

RRFFF's Cash-to-Debt is not ranked
in the Credit Services industry.
Industry Median: 0.215 vs RRFFF: 0.06

RIFCO Cash-to-Debt Historical Data

The historical data trend for RIFCO's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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RIFCO Cash-to-Debt Chart

RIFCO Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Cash-to-Debt

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0.02

0.01

0.02

0.03

0.07

RIFCO Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.04	0.07	0.05	0.06

Competitive Comparison of RIFCO's Cash-to-Debt

For the Credit Services subindustry, RIFCO's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

RIFCO's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, RIFCO's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where RIFCO's Cash-to-Debt falls into.

RIFCO Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

RIFCO's Cash to Debt Ratio for the fiscal year that ended in Mar. 2021 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	8.692	/	(0	+	133.625)
	=	0.07

RIFCO's Cash to Debt Ratio for the quarter that ended in Sep. 2021 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	8.236	/	(0	+	143.671)
	=	0.06

RIFCO (GREY:RRFFF) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

RIFCO Cash-to-Debt Related Terms

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RIFCO (RRFFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » RIFCO Inc (GREY:RRFFF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

4909 49th Street, Suite 702, Millennium Centre, Red Deer, AB, CAN, T4N 1V1

Website

https://www.rifco.net

RIFCO Inc is an auto-purchase finance company. Its subsidiaries are engaged in vehicle financing. The company provides non-traditional vehicle financing to motorists through a growing network of select new and used vehicle retailers. Its auto financing is available to both franchise and independent dealers who want to create a partnership. The company has its operation in all provinces in Canada except Quebec.

RIFCO (RRFFF) Headlines

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